Released in October 2012, Being the Change: Inspiring the Next Generation of Inclusive Business Entrepreneurs Impacting the Base of the Pyramid, highlights the personal stories of the leaders of some of IFC’s inclusive business clients.
IFC’s 3rd Annual Inclusive Business Leaders Forum was held in Tokyo, Japan on October 10 and 11, 2012. The forum brought together inclusive business leaders to recognize business models that effectively reach the BOP.
IFC publishes new Inclusive Business Models report
Today, IFC released Being the Change: Inspiring the Next Generation of Inclusive Business Entrepreneurs Impacting the Base of the Pyramid, the latest report that highlights the personal stories of the leaders of some of IFC’s inclusive business clients. These clients have developed innovative and successful business models that expand access to goods, services, and livelihoods for poor people, while generating strong financial returns. Read more here.
The Inclusive Business Leaders Forum was held last week in Tokyo Japan. The Forum brought together inclusive business leaders to acknowledge their efforts to implement inclusive business models that reach the base of the economic pyramid - and connect them with other top companies and leading experts to share global best practices and lessons learned to date, and share knowledge with donor partners actively involved in making inclusive business models work. On October 10, this year's Inclusive Business awardees were announced. Click here to learn more about the awardees.
IFC’s mission is to create opportunity for people to escape poverty and improve their lives, and we pursue it by investing in the private sector. At a fundamental level, it is the private sector that drives economic growth—a basic ingredient in poverty alleviation. At the same time, the private sector can expand access to goods, services, and livelihood opportunities for the poor, helping to ensure that growth is inclusive. IFC is particularly interested in investments with this dual rationale—investments in what we call inclusive business models.
IFC, alongside a growing number of business and development partners, is driving a new movement in development, which aims to redefine people living at the base of the economic pyramid – as valuable economic partners for business – as both talented and resilient business entrepreneurs, and value conscious consumers. Those living at the base of the pyramid represent $5 trillion worth of purchasing power (according to The Next 4 Billion - joint IFC/World Resources Institute publication).
For companies, inclusive business models are opportunities for market growth and competitive advantage. For development agencies, inclusive business represents a powerful approach to achieving their goal of inclusive growth and development. IFC investments are supporting this emerging business at the base of the pyramid. IFC has invested over $7 billion in inclusive business to more than 300 clients in over 80 countries since 2005.
IFC clients are currently using inclusive business models to provide direct benefits to the underserved population at the base of the pyramid, creating high development impact in financially sustainable and scalable ways. In 2012 alone, IFC’s inclusive business clients reached over 173 million farmers, students, patients, and utility customers directly and provided over 13 million microfinance loans. Inclusive business clients also offered 284,000 jobs.
IFC launched a dedicated Inclusive Business Models Group to create the tools, resources, and networks that will help investment and advisory staff develops new ways to support IFC clients scale up their inclusive business models to reach more people at the base of the pyramid. The group is actively documenting and sharing knowledge to help others develop inclusive business models more quickly and more easily.
For more information on Inclusive Business at IFC, contact:
Eriko Ishikawa at email@example.com